MSME (Udyam registered) Ministry of MSME
- Category
- Small (2022-23)
- Udyam number
- UDYAM-TS-20-0002983
Magnifiq Services Private Limited - telecom in Guntur, Andhra Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹37.44 Cr
▲ 19% YoY
Net profit · FY 2023
₹90.62 Lakh
Net margin 2.4%
EBITDA · FY 2023
-₹2.71 Cr
EBITDA margin -7.2%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹2.57 Cr
Issued & subscribed
Open charges
₹28.11 Cr
Satisfied ₹3 Cr
Company age
10 yrs
Est. 2016
Employees · EPFO
89
Provident fund records
About Magnifiq Services Private Limited
Data last updated:
Magnifiq Services Private Limited is a private limited company based in Guntur, Andhra Pradesh, India. It operates in the telecom equipment and tech solutions segment of the telecommunications sector. It was incorporated on 03 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U72900AP2016PTC103174. Its GSTIN is 37AAFCT7439L1ZP (Andhra Pradesh). The company holds 8 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.57 Cr. It was formerly known as Tel Towers Private Limited. It is led by directors including Narasimha Murthy Sagi (Whole-Time Director) and Nitin Kumar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Door No. 4 – 5 – 4/3 Vidya Nagar Revenue Ward – 13, Guntur, Andhra Pradesh, India – 522007.
As per the financials filed for FY 2023, the company reported a revenue of ₹37.44 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹90.62 Lakh (net margin 2.4%) and EBITDA of -₹2.71 Cr (EBITDA margin -7.2%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 56% over five years.
The company has about 89 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹28.11 Cr and satisfied charges of ₹3 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 5 deals on record (3 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹28 Lakh; the latest was in March 2021. The company has 4 MSME Form 1 returns on record between 2019 and 2020, listing 6 overdue payments to 3 micro and small suppliers.
Magnifiq Services Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-20-0002983). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website teltowers.in.
Company details
CIN U72900AP2016PTC103174
Registration Number 103174
Incorporation Date 03 May 2016
ROC Vijayawada
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TS-20-0002983
Key People
Narasimha Murthy Sagi Whole-Time Director Nitin Kumar Whole-Time Director Samyuktha Alapati Director Recognitions & Rankings of Magnifiq Services
Contact details
Magnifiq Services Private Limited's registered office is in Guntur, Andhra Pradesh. Its website is teltowers.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressDoor No. 4 – 5 – 4/3 Vidya Nagar Revenue Ward – 13, Guntur, Andhra Pradesh, India – 522007
- IndustryTelecom, Telecom Equipment & Tech Solutions
To see the full contact details of Magnifiq Services Private Limited, buy the company report.
Comprehensive company report
Magnifiq Services Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Financials of Magnifiq Services Private Limited
FY 2025 filings availableMagnifiq Services Private Limited reported revenue of ₹37.44 Cr (up 19% YoY) for FY 2023.
Revenue · FY 2023
₹37.44 Cr ▲ 19%
Net profit · FY 2023
₹90.62 Lakh margin 2.4%
EBITDA · FY 2023
-₹2.71 Cr margin -7.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 4%
5 years · compounded
▲ 56%
Revenue has grown at a compounded annual rate (CAGR) of 56% over five years, including 19% growth in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹37.44 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.71 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹90.62 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -7.2% | ||||
| Net Profit Margin | 2.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Magnifiq Services Private Limited, buy the company report.
Board of directors of Magnifiq Services Private Limited
Magnifiq Services has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narasimha Murthy Sagi | Whole-Time Director | 05 Jul 2017 | 9 Years 3 Months | Current |
| Samyuktha Alapati | Director | 19 Apr 2021 | 5 Years 6 Months | Current |
| Nitin Kumar Also directs: Kamtower LLP | Whole-Time Director | 01 Oct 2019 | 7 Years 0 Months | Current |
Auditor
Magnifiq Services Private Limited is audited by Thejonath and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Thejonath and Associates | FY 2023 | 017275S |
Shareholding
The shareholding of Magnifiq Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Magnifiq Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹28.11 Cr
Satisfied charges
₹3 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Feb 2023 | 100693750 | Hdfc Bank Limited | ₹91 Lakh | Open | |
| 10 Aug 2020 | 100374294 | Hdfc Bank Limited | ₹13.6 Cr | Open | |
| 27 Sep 2019 | 100293501 | Hdfc Bank Limited | ₹13.6 Cr | Open | |
| 31 Aug 2020 | 100375548 | Others | ₹3 Cr | Satisfied |
To see the full charge records of Magnifiq Services Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Magnifiq Services Private Limited has 5 deals on record (3 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹28 Lakh; the latest was in March 2021.
Total deals
5
Secondary share transfers
3
Funding round
1
Rights issue
1
Disclosed funding
₹28 Lakh
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2020 | Rights issue | ₹61 Lakh | Investors: 4 individuals |
| Mar 2019 | Funding round | ₹28 Lakh | Investors: 4 individuals |
| Feb 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Jul 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Magnifiq Services Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bastar, Chhattisgarh | Court case (E.C. Regular) | Filed against the company | Pending |
To see the full case history of Magnifiq Services Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Magnifiq Services Private Limited has 4 MSME Form 1 returns on record between 2019 and 2020, listing 6 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sri Progressive Projects | |||
| Moulya Infra Projects | |||
| an individual supplier |
To see the full MSME payment records of Magnifiq Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Magnifiq Services Private Limited has a workforce of 89 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
89
Active EPFO establishments
1
Employee growth
28.99%
GST
Magnifiq Services has 8 GST registrations: 6 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
8
Active
6
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAFCT7439L1ZP | Andhra Pradesh | Active | 21 Sep 2017 |
| 22AAFCT7439L1Z0 | Chattisgarh | Active | 01 Jul 2017 |
| 36AAFCT7439L2ZQ | Telangana | Active | 01 Jul 2017 |
| 23AAFCT7439L1ZY | Madhya Pradesh | Active | 11 Aug 2017 |
To see the full GST registrations and return filing status of Magnifiq Services Private Limited, buy the company report.
Recent activity
Magnifiq Services Private Limited has 9 board changes on record since 2017: 3 appointments and 6 cessations. The latest: Samyuktha Alapati ceased to be Additional Director on 09 Sep 2021.
AGM
Magnifiq Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Magnifiq Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Vijayawada.
Charges
A charge with Hdfc Bank Limited of Rs. 13.60 Cr registered on 10 Aug 2020 with Charge ID 100374294 was modified on 21 Aug 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 13.60 Cr registered on 27 Sep 2019 with Charge ID 100293501 was modified on 21 Aug 2024.
Charges
A charge registered on 31 Aug 2020 via Charge ID 100375548 with Others was fully satisfied on 18 Jul 2024.
Charges
A charge with Others of Rs. 3.00 Cr registered on 31 Aug 2020 with Charge ID 100375548 was modified on 07 Jun 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.91 Cr with Charge ID 100693750 was registered on 14 Feb 2023.
Ceased
Samyuktha Alapati ceased to be Additional Director.
Appointed
Samyuktha Alapati was appointed as Director.
Charges
A charge with Others amounted to Rs. 3.00 Cr with Charge ID 100375548 was registered on 31 Aug 2020.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 13.60 Cr with Charge ID 100374294 was registered on 10 Aug 2020.
Ceased
Nitin Kumar ceased to be Additional Director.
8 earlier events are in the company report.
Frequently asked questions
Magnifiq Services is an active private limited company based in Guntur, Andhra Pradesh, India. The company works in telecom equipment and tech solutions, within the telecom industry. It was incorporated on 03 May 2016 (10+ years old) and is registered under CIN U72900AP2016PTC103174.
Magnifiq Services has 3 current directors:
- Narasimha Murthy Sagi - Whole-Time Director
- Nitin Kumar - Whole-Time Director
- Samyuktha Alapati - Director
The latest financial statements of Magnifiq Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Magnifiq Services is 37AAFCT7439L1ZP, registered in Andhra Pradesh. The company has 8 GST registrations in all, of which 6 are active and 2 are cancelled or inactive. Other active GSTINs include 22AAFCT7439L1Z0 (Chattisgarh), 36AAFCT7439L2ZQ (Telangana), 23AAFCT7439L1ZY (Madhya Pradesh).
The CIN (Corporate Identification Number) of Magnifiq Services is U72900AP2016PTC103174. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magnifiq Services has 1 court case on record: 1 filed against it. 1 is pending.
Magnifiq Services was incorporated on 03 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Vijayawada.
Magnifiq Services has 5 deals on record (3 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹28 Lakh; the latest was in March 2021.
Samyuktha Alapati ceased to be Additional Director on 09 Sep 2021. Samyuktha Alapati was appointed as Director on 19 Apr 2021. Nitin Kumar ceased to be Additional Director on 06 Aug 2020. Magnifiq Services has 9 board changes on record in total.
Yes, Magnifiq Services is registered as a small enterprise under Udyam registration (number: UDYAM-TS-20-0002983).
Magnifiq Services has 4 MSME Form 1 returns on record between 2019 and 2020, listing 6 overdue payments to 3 micro and small suppliers. The latest return was filed on 03 Nov 2020.